Daily Chart Report 📈 Monday, May 13th, 2019

Indices: US stocks had their worst day since January, with the Dow Jones Industrial Average closing down 617 points or 2.38%! The Nasdaq was the weakest of the major indices, closing down 3.41%.

Sectors: Utilities led for the second session in a row, gaining 1.07%.Technology lagged closing down 3.77%.

Commodities: WTI Crude Oil futures fell 1.33% and closed at $60.84 per barrel. Gold futures were higher by 1.05% and are trading around $1,301 per ounce.

Currencies:The US Dollar Index fell 0.04%.

Interest Rates: The US 10-year Treasury Yield fell to 2.403%.

Here are some of the best charts, articles, and ideas being shared on the web today!

Chart of the Day

Today’s chart of the day was shared on Twitter by CNBC’s Michael Santoli (@michaelsantoli). It’s a line chart of the S&P 500 index with the 2800 level drawn in red. 2800 has been a key level of interest for the S&P 500 for over a year now. It previously acted as resistance, with the index bouncing lower off of it four times before finally breaking through and going on to hit a new all-time high. The question on many technicians minds’ remains: will former resistance now act as support? We want to hear what you think, tweet us @TheChartReport.

S&P 500 Performance After 1%+ Lower Opens – Bespoke
The S&P 500 gapped lower today by over 1%. Here’s a note from Bespoke that features a chart of the average weekly performance for the S&P 500 after a gap down of 1% or more. They found that buyers typically step in on Tuesdays and Fridays.

Fund flows have been negative for this entire rally. I wonder how many investors 1. "have been waiting for a correction" and 2. will actually act on their "patience" now that we're getting a sell-off? pic.twitter.com/2icNd3KZKd